Oak Family Advisors LLC Decreases Position in Federal Signal Co. (NYSE:FSS)

Oak Family Advisors LLC reduced its position in shares of Federal Signal Co. (NYSE:FSS) by 73.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,551 shares of the conglomerate’s stock after selling 7,204 shares during the period. Oak Family Advisors LLC’s holdings in Federal Signal were worth $236,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Federal Signal in the 3rd quarter valued at $29,000. Quarry LP lifted its stake in shares of Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after buying an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Federal Signal during the 3rd quarter valued at about $46,000. Millburn Ridgefield Corp acquired a new stake in Federal Signal in the 3rd quarter valued at about $70,000. Finally, CWM LLC lifted its stake in Federal Signal by 23.1% in the 3rd quarter. CWM LLC now owns 1,171 shares of the conglomerate’s stock worth $109,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Down 0.6 %

Federal Signal stock opened at $98.37 on Monday. The company has a market capitalization of $6.01 billion, a PE ratio of 28.51 and a beta of 1.01. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. Federal Signal Co. has a fifty-two week low of $76.03 and a fifty-two week high of $102.18. The firm has a 50 day moving average price of $95.97 and a 200 day moving average price of $92.80.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The company had revenue of $474.20 million during the quarter, compared to analysts’ expectations of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Federal Signal’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. Research analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on FSS shares. DA Davidson dropped their target price on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Raymond James reaffirmed an “outperform” rating and set a $110.00 price target on shares of Federal Signal in a research report on Tuesday, December 24th. Finally, StockNews.com upgraded Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th.

About Federal Signal

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.